Payroll-tax holiday would jump-start job creation, Roubini says

Temporarily cutting payroll taxes would be the fastest way to boost private-sector employment in the U.S., said Nouriel Roubini, a professor at New York University. Roubini, credited with accurately predicting the subprime-mortgage crisis, said a payroll-tax holiday would persuade employers to step up hiring and raise workers' take-home pay, encouraging them to increase retail spending.